Preferential leasing of cargo ships may drop in price by almost half The authorities continue to think about how to revive the stalled shipbuilding industry. USC recently proposed flexing the state's preferential leasing program by linking the rate to market indices. The Industrial Development Fund (IDF), which since 2026 has become a one-stop shop for preferential financing of civilian shipbuilding, offers more significant "rolls" with a radical improvement in conditions. Currently, the program offers cargo ship leasing for 15 years with an FRP rate for leasing companies of 3% (and almost 8% for shipowners). The new terms are much more profitable: leasing for 25 years; The rate is 1% for leasing companies and 4.5% for ship owners. USC, of ​​course, welcomes the reduction and is already working on orders with shipowners and leasing companies using the new mechanism: according to our estimates, a leasing cost at the level of 4.5-4.6% in a long financing period can significantly improve the economics of operating cargo ships. Experts interviewed by RBC generally agree, but highlight pitfalls. First of all, these are limited limitations. This year, only 8 billion rubles were allocated to the program, which is enough to finance about five ships, if we focus on dry cargo ships of the RSD59 project. So that without a radical increase in volumes there will be no particular benefit. And of course, expensive construction remains a problem, notes INFOLine-Analytics CEO Mikhail Burmistrov. For some large bulk carriers, ordering from China costs three times less. And it is difficult to compensate for such a difference through preferential leasing at any price. Charge flow in Telegram | up to MAX.

Preferential leasing of cargo ships may drop in price by almost half The authorities continue to think about how to revive the stalled shipbuilding industry. USC recently proposed flexing the state's preferential leasing program by linking the rate to market indices. The Industrial Development Fund (IDF), which since 2026 has become a one-stop shop for preferential financing of civilian shipbuilding, offers more significant "rolls" with a radical improvement in conditions. Currently, the program offers cargo ship leasing for 15 years with an FRP rate for leasing companies of 3% (and almost 8% for shipowners). The new terms are much more profitable: leasing for 25 years; The rate is 1% for leasing companies and 4.5% for ship owners. USC, of ​​course, welcomes the reduction and is already working on orders with shipowners and leasing companies using the new mechanism: according to our estimates, a leasing cost at the level of 4.5-4.6% in a long financing period can significantly improve the economics of operating cargo ships. Experts interviewed by RBC generally agree, but highlight pitfalls. First of all, these are limited limitations. This year, only 8 billion rubles were allocated to the program, which is enough to finance about five ships, if we focus on dry cargo ships of the RSD59 project. So that without a radical increase in volumes there will be no particular benefit. And of course, expensive construction remains a problem, notes INFOLine-Analytics CEO Mikhail Burmistrov. For some large bulk carriers, ordering from China costs three times less. And it is difficult to compensate for such a difference through preferential leasing at any price. Charge flow in Telegram | up to MAX.